Primary Deficit - Definition - PrudentWater
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Primary Deficit

In a primary deficit, a country’s expenditures exceed its revenues, but the interest payable on its outstanding debt is not yet included in the primary deficit. A primary deficit therefore refers to a country’s deficit before taking into account the additional interest still to be paid on the debt already issued. The primary deficit is usually expressed as a percentage of the country’s gross domestic product. However, if interest payments are also taken into account in the calculation, it is referred to as a fiscal deficit.